India sees unprecedented international travel growth in 2024, with more passengers and increased visits to key global destinations.
INDIA – The global travel sector is breaking boundaries in 2024 as consumer spending on tourism remains robust and passenger traffic soars, according to the latest report from the Mastercard Economics Institute (MEI). The MEI’s fifth annual report, “Travel Trends 2024: Breaking Boundaries” provides comprehensive insights into the evolving landscape of the travel industry across 74 markets, including 13 in the Asia Pacific region (APAC).
Drawing on a unique analysis of aggregated and anonymized Mastercard transaction data, including Mastercard SpendingPulse™ and third-party data sources, the report takes a deep dive into key tourism trends for 2024. In India, a few themes stand out, including:
More Indians are traveling than ever before
In 2024, fueled by a growing middle class and expanded route capacity, more Indians are traveling…
